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Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction
29.11.2022
Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks...
Bitcoin miners look to software to help balance the Texas grid
24.11.2022
Bitcoin mining can help balance electrical grids, but software can help ensure that miners are able to power on and off in seconds
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX
16.11.2022
FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal
Bitcoin Miners' Balance Slides as FTX Collapse Weighs on Crypto
14.11.2022
Data tracked by Glassnode shows, the number of bitcoin held by miner wallets has dropped to a 10-month low
Bitcoin miners 'next trigger' for BTC price crash as outflows hit multi-month highs
10.11.2022
Miners face an impossible situation if prices stay this low, which could result in a sell-off accompanied by a BTC price macro low
US Midterm Elections to Set the Tone for Bitcoin Miners' Future
8.11.2022
The midterm elections are key to determining the industry’s future, which is increasingly under attack by environmental advocates
Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’
8.11.2022
On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26, 2022. The filing noted that the company was in the process of exploring “restructuring...
Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks
7.11.2022
Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion....
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity
7.11.2022
According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses that “growth in electricity demand is expected to continue in Québec....
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
2.11.2022
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated”...
Digihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash Flow Positive
1.11.2022
Canadian Bitcoin miner Digihost remains debt-free and cash flow positive despite a wider downturn across the crypto mining industry
3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty Surged
31.10.2022
This month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s mining difficulty reached a lifetime high at 36.84 trillion on Oct. 23. Despite the high...
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy
30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...
Bitcoin miners rethink business strategies to survive long-term
26.10.2022
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations
Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars
25.10.2022
Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners
Public Bitcoin miners' hash rate is booming — but is it actually bearish for BTC price?
25.10.2022
Efforts to keep Bitcoin mining operations afloat may end up stressing the spot BTC price further lower
Struggling Bitcoin Miners Are Flocking to Maple Finance’s $300M Lending Pool
24.10.2022
Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash
24.10.2022
On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce...
Bitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty
22.10.2022
Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second...